FirstRand Limited·Financial Services

FirstRand will seek an orderly exit from its UK unit Aldermore, the South African financial services group said on Tuesday, citing challenges in the UK market as it also raised provisions for mis-sold UK car loans to 750 million pounds ($993.38 million).

FirstRand Limited (FANDY) Q2 2026 Earnings Call Transcript

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FirstRand Limited, together with its subsidiaries, provides banking, transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally. The company offers deposit and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages. It also provides life and short-term insurance products; card-acquiring services; and vehicle finance, installment credit and fleet management, and corporate and investment banking services. In addition, the company offers asset management, as well as vehicle-related insurance services. It serves retail, commercial, corporate, and public sector customers, as well as small business, agricultural, medium corporate, parastatal, and government entities. The company was incorporated in 1966 and is based in Sandton, South Africa.
Financial Services
Banks - Diversified
49,751
2013-05-02
0.63